Horizon Gold (ASX:HRN) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Horizon Gold Debt-to-Equity?

Horizon Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.02 Mil. Horizon Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Horizon Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$33.03 Mil. Horizon Gold's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Horizon Gold's Debt-to-Equity or its related term are showing as below:

During the past 7 years, the highest Debt-to-Equity Ratio of Horizon Gold was 0.04. The lowest was 0.00. And the median was 0.00.

ASX:HRN's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Horizon Gold Debt-to-Equity Historical Data

The historical data trend for Horizon Gold's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Horizon Gold Debt-to-Equity Chart

Horizon Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

0.04

Horizon Gold Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of Horizon Gold's Debt-to-Equity

For the Gold subindustry, Horizon Gold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Horizon Gold's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Horizon Gold's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Horizon Gold's Debt-to-Equity falls into.

Horizon Gold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horizon Gold's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.041	+	0)	/	28.805
	=	0.00

Horizon Gold's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.021	+	0)	/	33.032
	=	0.00

Horizon Gold (ASX:HRN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Horizon Gold Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Horizon Gold's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Horizon Gold (ASX:HRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Gold Ltd (ASX:HRN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

47 Havelock Street, Suite 8, Level 3, West Perth, WA, AUS, 6005

Website

https://www.horizongold.com.au

Horizon Gold Ltd is a gold mining company. It is engaged in the acquisition, exploration, and development of gold reserves of the Gum Creek Gold Project in Western Australia. The project covers the Gum Creek Greenstone Belt located within the Southern Cross Province of the Youanmi Terrane In Yilgarn Craton in Western Australia.

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